Financial Select Total Risk Alpha
| XLF Etf | | | USD 48.83 -0.81 -1.63% |
The Total Risk Alpha technical lookup provides context for Financial Select Sector and related instruments. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context. Financial Select has a market cap of 31.54 B. Review
Your Current Watchlist for broader portfolio context. This reflects a position in Financial Select Sector in the portfolio view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Financial Select Sector has current Total Risk Alpha of
-0.08. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | -0.08 | |
| ER[a] | = | Expected return on investing in Financial Select |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Financial Select |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Financial Select Total Risk Alpha Peers Comparison
Financial Total Risk Alpha Relative To Other Indicators
Financial Select Sector is rated
below average in total risk alpha relative to comparable ETFs. It is currently under evaluation in maximum drawdown relative to comparable ETFs .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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